Brazil steel price hike stalls car production

SAO PAULO An increase in local steel prices is pushing three of Brazil's largest automakers to cancel production or look elsewhere for steel supplies. General Motors Corp. halted vehicle production at both its Sao Caetano do Sul and Sao Jose dos Campos factories in the state of Sao Paulo due to the steel shortage. GM builds the Astra and Vectra models at the Sao Caetano do Sul plant. Sao Jose do Campos

SAO PAULO — An increase in local steel prices is pushing three of Brazil's largest automakers to cancel production or look elsewhere for steel supplies.
General Motors Corp. halted vehicle production at both its Sao Caetano do Sul and Sao Jose dos Campos factories in the state of Sao Paulo due to the steel shortage.
GM builds the Astra and Vectra models at the Sao Caetano do Sul plant. Sao Jose do Campos makes Corsa varients, the Chevrolet S-10 pickup truck and the Chevy Blazer ...

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